“The price of corn could soar to US$8 a bushel….An unusual confluence of factors could propel prices higher over the next couple of years. These include declining output, an ethanol-led demand surge in China, and likely brutal weather.”
“China’s retaliatory measures against American imports took effect Monday, including a 25 percent tariff on pork. The duty comes just after government data showed that the American hog herd on March 1 reached a seasonal all-time high.”
“What is cheap (undervalued) that I can buy that is going to go up so that I can make some money?”
That was the standard refrain I heard when I would receive inquiries from neophyte investors (speculators) interested in trading commodity futures. In my twenty years as a commodity futures account executive I never received a single phone call from a potential client who asked “what is overvalued that I can sell short and make some money?”
Brazilian producers have 73% of the estimated soybean area planted for the 2017/2018 crop. Now, the planting of Brazilian soybeans is no longer behind schedule. The rains that have fallen in all of the main producing regions have allowed the advance of the sowing.